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| --- | --- |
|   | 
and, in the event of such agreement, Lessor may treat as an Event of Default any subsequent failure of Lessee to fulfill such Lessor Condition Precedent in
accordance with such agreement.  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | If any Lessee Condition Precedent is not satisfied on or before the Delivery Date, Lessee may (in its absolute discretion) nonetheless accept delivery of the Aircraft from Lessor
and start the leasing of the Aircraft, provided Lessee either waives the Lessee Conditions Precedent or Lessee and Lessor agree in writing upon the terms and timing for fulfillment of such Lessee Condition Precedent after the Delivery Date, and, in
such event, Lessee may treat any subsequent failure by Lessor to do so in accordance with such agreement as a breach of the Lease.  |

  




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| --- | --- |
| 4. | COMMENCEMENT  |

  




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| --- | --- |
| 4.1 | **Leasing**  |